Tunisia: QNB to increase its capital by more than 98 MD

27/10/2017 13:32 AST

Qatar National Bank Tunisia (QNB) has just announced that it will hold an Extraordinary General Meeting on October 30, 2017 at 10:00 am at the headquarters of the bank located in Tunis, with a view to making a capital increase in cash, ilboursa reported.

The capital of the bank will thus be increased by 98.4 million dinars to 258.4 million dinars by issuing 9,840,000 new shares with a par value of 10 dinars each. This capital increase is reserved for former shareholders of the bank.

QNB had generated a net deficit of 33.36 million dinars in 2016. After four successive years of deficit, the bank’s net equity stood at 77.6 million dinars, for a share capital of 160 million dinars.


Reuters

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